Which of the Following Is True of Import-Substitution Strategies

question 66

Multiple Choice

Which of the following is true of import-substitution strategies?

• A)They generally focus on specialization based on comparative advantage.
• B)They dominate the strategies of the developed world.
• C)They focus on the production of exportable.
• D)These strategies lower the price of the domestically produced goods than the imported goods.
• E)They generally require the removal of import barriers like tariffs or quotas.